EU Backs Icelandic Venture Capital Fund Focused on Women in Tech
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Iceland’s female-led venture capital firm Crowberry Capital has launched a $90 million fund to invest in technology startups in the Nordics, including by women entrepreneurs.
Crowberry II, backed by the European Investment Fund, sees an underutilized market opportunity in the region where only a fraction of the funding goes to women, Founding Partner Jenny Ruth Hrafnsdottir said. A second fund-raising round bringing in an additional $40 million is planned for July 2022, she said.